The Latest Breaking News from ODFL

Supply chain disruptions have led to rising trucking rates, and those rising rates have been attracting more supply. Furthermore, many analysts expect the economy to suffer a recession due to aggressive interest rate hikes and rising geopolitical tensions. With the possibility of oversupply and recession, we think it could be…

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported first-quarter revenue growth of 32.9% year-over-year to $1.49 billion, beating the consensus of $1.45 billion. Revenue growth reflects a 17.4% increase in LTL revenue per hundredweight and a 12.0% increase in LTL tons per day. EPS improved by 53% Y/Y to $2.60, beating the consensus…

High fuel prices have significantly raised the operating expenses of trucking companies. Moreover, the rising wages in a tight trucking driver market add to the woes. Given this backdrop, today I’ll take a look at prominent trucking stocks Old Dominion Freight (ODFL), Knight-Swift Transportation (KNX), and TFI International (TFII) to…

Old Dominion Freight Line Inc (NASDAQ:ODFL) revealed its expansion efforts with service center growth in seven cities in 4Q21 and 1Q22. The less-than-truckload (LTL) carrier's new or improved facilities include Alliance, Texas; Byhalia, Mississippi; Clear Lake, Iowa; Kernersville, North Carolina; Marysville, Washington; West Columbia, South Carolina; and Westfield, Massachusetts. The company specified that…

Broadcom and CVS stock head this list of five stocks offering early entry points that are worth a look in the newly confirmed market rally.

Old Dominion Freight Line Inc (NASDAQ:ODFL) reports February 2022 operating metrics, with revenue per day increasing 38.3% compared to February 2021. The increase reflects an 18.3% increase in LTL tons per day and an increase in LTL revenue per hundredweight. LTL shipments per day increased 19.8%, partially offset by a 1.3% decrease…

Wells Fargo analyst Allison Poliniak-Cusic raised the price target on Old Dominion Freight Line Inc (NASDAQ:ODFL) to $348 (an upside of 12.5%) from $335 and maintained an Equal Weight rating on the shares. The analyst notes that as the best-in-class LTL provider, Q4 results reflected the strength in its growth and execution strategy. Related: Old Dominion Freight…

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported fourth-quarter revenue growth of 31.4% year-over-year to $1.41 billion, beating the consensus of $1.38 billion. Revenue growth reflects a 16.1% growth in LTL revenue per hundredweight and a 14.3% increase in LTL tons per day. EPS improved by 49.7% Y/Y to $2.41, beating the consensus of…